Global POS Terminals Market in the Hospitality Sector 2015-2019

LONDON, Dec. 29, 2015 /PRNewswire/ -- About POS terminals. POS terminals are a combination of hardware and software, which allows users to accept card payments directly without updating the cash registers. The cost of installing a terminal vary with the size of the business unit and selling terms with the channel partners and suppliers. A POS terminal is an electronic device and performs the following functions:

Reads the information of a customer's credit/debit card

Checks the funds status in a customer's bank account

Transfers the funds from customer's account to the seller's account

Records the transaction

Print the receipt of the transaction

POS terminals are now combined with union pay, which had resulted in increased market growth and shipment in 2014. This can be attributed to growing payment services and usage of debit/credit cards for transactions.

Technavio's analysts forecast the revenue of the global POS terminals market in the hospitality sector to grow at a CAGR of 14.76% in terms of revenue during 2014-2019.

Covered in this ReportThis report covers the present scenario and the growth prospects of the global POS terminal market in the hospitality sector for 2015-2019. The report considers the revenue generated from the shipments of POS terminals in the hospitality sector including fixed POS terminals and wireless POS terminals. The report does not consider the revenue generated from the following:

Mobile computing devices such as smartphones and tablets used as POS terminals by merchants

Service and maintenance of POS terminals

Re-selling

Sales of used POS terminals

The merchants in the POS terminal market for the hospitality sector include the following:

Hotels

Fast-food takeaways

Restaurants

Technavio's report, Global POS Terminals Market in the Hospitality Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the

Key Vendors operating in this market.

Key Vendors

First data

Ingenico

SZZT

VeriFone

Other prominent vendors

CyberNet

Equinox

PAX Technology

Key Market Driver

Increased adoption of EMV cards

For a full, detailed list, view our report

Key Market Challenge

High entry barriers

For a full, detailed list, view our report

Key Market Trend

Cloud-based solutions

For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 and what will the growth rate be?